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Nov 16, 2012
11/12
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restructuring and says it is on track to return profits in 2013, but high fuel costs and a poor economic environment continued to weigh on profits. air berlin is not alone in going through some turbulence. this is not a great time for europe's airlines. >> many are struggling to stay in business. here's a look at the litany of problems they face. >> scandinavian airline sas is fighting for survival. the carrier has not turned a profit in five years. it is not alone. just last week, spain's flagship carrier said it would cut nearly a quarter of its work force in an effort to remain competitive. sas alone plans to cut more than 1/3 of its 15,000 employees. air france is looking to reduce staff to 45,000 workers. and germany's lufthansa is also in the midst of a painft- cutting program. earlier this week, the airline struck a deal with unions to raise cabin crew pay in exchange for no strikes over the christmas holidays. >> coming up, we've got some sports news for you. >> first, some other stories making news around the world. three demonstrators have vented their anger at a german consul. he was head
restructuring and says it is on track to return profits in 2013, but high fuel costs and a poor economic environment continued to weigh on profits. air berlin is not alone in going through some turbulence. this is not a great time for europe's airlines. >> many are struggling to stay in business. here's a look at the litany of problems they face. >> scandinavian airline sas is fighting for survival. the carrier has not turned a profit in five years. it is not alone. just last week,...
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in the fighting between hamas and israel came about yesterday afternoon with the targeted killing by environ airstrike of the the leader of hamas is military wing jobbery there's a bit there was a video released shortly after that of the missile striking his car and then a large scale aerial offensive. started after that over gaza loud explosions rocking all only the built up areas there about ten people reported killed including civilians there the great fear now that a ground invasion is imminent israeli sources have said that they're fully prepared to start a gun invasion if they deem it necessary and they have called up reservists possibly stuff yes and we've seen the tension escalating in the region over the past few weeks haven't we tom. we have hamas rocket attacks have been intensifying in the past couple of weeks hundreds of rockets fired from gaza into into southern israel and there was also an air strike by israel at the weekend which killed four reportedly palestinian authorities say including three children so that was the background to it that the escalating tensions the only t
in the fighting between hamas and israel came about yesterday afternoon with the targeted killing by environ airstrike of the the leader of hamas is military wing jobbery there's a bit there was a video released shortly after that of the missile striking his car and then a large scale aerial offensive. started after that over gaza loud explosions rocking all only the built up areas there about ten people reported killed including civilians there the great fear now that a ground invasion is...
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Nov 18, 2012
11/12
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CNN
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implies unemployment going up, and it implies us shooting ourselves in the foot at a time when the global environment is much more difficult. see what's happening in europe, in the middle east, in china. second of all, you just had an election, and one of the messages of the election was one of shared responsibility and fairer burden sharing, in which the rich have done extremely well not just on the outside but also in terms of being protected on the down side. finally, and more importantly, the economic arguments against this, while they would be valid at higher tax rates are not valid here. so if you look at the hand the president has, it is stronger than the republicans', and i think both of them will want to seek some sort of compromise. >> it sounds so reasonable. let's bring in steve warren. he's an editor at the wall street journal, a conservative. steven, do you agree, are the republicans ready to strike a deal with the president if it means giving up the bush tax cuts for the wealthy? they have dug in on this. >> i don't know, ali. i listen to this conversation and i feel like i'm living in
implies unemployment going up, and it implies us shooting ourselves in the foot at a time when the global environment is much more difficult. see what's happening in europe, in the middle east, in china. second of all, you just had an election, and one of the messages of the election was one of shared responsibility and fairer burden sharing, in which the rich have done extremely well not just on the outside but also in terms of being protected on the down side. finally, and more importantly,...
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modern technologies through specialized grant programs and even learn arts skills all within a protected environment the school was founded. a scientist who wanted a better way of life for his people but even with the most progressive. ideas and education many minutes say they don't want to trade the modern life for their beloved tundra. but here i have returned to the tundra and i actually like it here if you're outside there's fresh air fresh water looks at the site you can see deer it's a joyful sight. a sentiment that hopefully ensures that russia's northern reindeer will have caretakers for generations to come. thanks for joining us here on our day gaza's governing party hamas says its military leader. was killed today and they say it was a targeted assassination by israel which has been staging airstrikes on gaza for the past week we now understand of this just coming in that israeli authorities are now using this as an excuse to levy some sort of strike against gaza let's cross over to walk he's told bob and he's live in telling. us more on this tom good to see you let's talk about any reacti
modern technologies through specialized grant programs and even learn arts skills all within a protected environment the school was founded. a scientist who wanted a better way of life for his people but even with the most progressive. ideas and education many minutes say they don't want to trade the modern life for their beloved tundra. but here i have returned to the tundra and i actually like it here if you're outside there's fresh air fresh water looks at the site you can see deer it's a...
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have a more integrated all of it in terms of economic environment but i will grant you mission you'll continue to have some differences in terms of political opinion the problem is the international issues. can only one. is two countries have to cancel each other into some trading which when you call our. soul you know you will be very interested to see that it will come to with equal weight in about ten or is sitting here start with china is about the size of the united or even to all the to the east because so you would have a big balance of economy between east and the west but they will continue with the closet ideology of ideologies called differences between the two countries. it's the not so united states of america with almost half the country look at the breakaway we're reporting on but people in places like texas seem so unhappy with the election outcome but they have now filed a petition for independence got the story online check it out. taking space junk to a whole new level this is the first hamburger you have the correct to make it into orbit would tell you how and why
have a more integrated all of it in terms of economic environment but i will grant you mission you'll continue to have some differences in terms of political opinion the problem is the international issues. can only one. is two countries have to cancel each other into some trading which when you call our. soul you know you will be very interested to see that it will come to with equal weight in about ten or is sitting here start with china is about the size of the united or even to all the to...
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Nov 16, 2012
11/12
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is the environment todayyee i f still a good place to in more or less friendly? >> there is no compare ton. when mr. putin came in, he changed the tax code which made a huge difference.ie ton. when mr. putin came in, he changed the tax code which made a huge difference. it was 13% flat tax, corporation tax 24% and suddenly you couldn't invest in companies because could you understand what was in the financials of the company. so accounting firms grew. advisory firms grew and the market became a much better place to invest. so today i don't believe there is a huge difference. you just have to understand the environment. >> so does it create opportunities? if you're looking around the world and not seeing a lot of attractive places, should russia be one of them? >> russia should be. it's growing at 4%. it's the biggest consumer market in europe. so there is enormous amount of opportunity. the problem has been and continues to be the perception western investors have about investing there. so there is this sort of idea that if you invest in russia, you'll lose your
is the environment todayyee i f still a good place to in more or less friendly? >> there is no compare ton. when mr. putin came in, he changed the tax code which made a huge difference.ie ton. when mr. putin came in, he changed the tax code which made a huge difference. it was 13% flat tax, corporation tax 24% and suddenly you couldn't invest in companies because could you understand what was in the financials of the company. so accounting firms grew. advisory firms grew and the market...
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modern technologies through specialized grant programs and even more arts skills all within a protected environment the school was founded and named for. a scientist who wanted a better way of life for his people but even with the most progressive ideas in education many say they don't want to trade the modern life for their beloved tundra. but i have returned to the tundra and i actually like it here if you're outside there's fresh air fresh water looks at the site you can see here it's a joyful sight. a sentiment that hopefully ensures that russia's northern reindeer will have caretakers for generations to come. it is a. time this is our with me of all research showing that the u.s. campaign in afghanistan has suffered a military grade below with at least two celebrity generals and veterans of the intervention falling from grace a sex scandal that started with revelations of the ex cia chief having an affair has now claimed the reputation of the current afghan campaign. catherine off as the latest on that. in the papers here in afghanistan for transit star and battlefield felled at cia by an affa
modern technologies through specialized grant programs and even more arts skills all within a protected environment the school was founded and named for. a scientist who wanted a better way of life for his people but even with the most progressive ideas in education many say they don't want to trade the modern life for their beloved tundra. but i have returned to the tundra and i actually like it here if you're outside there's fresh air fresh water looks at the site you can see here it's a...
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modern technologies through specialized grant programs and even learn arts skills all within a protected environment the school was founded and named for. a scientist who wanted a better way of life for his people but even with the most progressive ideas and education many say they don't want to trade the modern life for their beloved. i have returned to the tundra and i actually like it here if you're outside there's fresh air fresh water looks at the site you can see deer it's a joyful sight. a sentiment that hopefully ensures that russia's northern reindeer will have caretakers for generations to come. wealthy british style stock. market. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines kaiser reports. mission. critical three years for chargers free. free. free. free. free blog video for your media project free media. welcome back you are with r.t. now back to one of our top stories now protests are expected in the portuguese capital where the german chancellor is anticipated later in the day portugal's parliame
modern technologies through specialized grant programs and even learn arts skills all within a protected environment the school was founded and named for. a scientist who wanted a better way of life for his people but even with the most progressive ideas and education many say they don't want to trade the modern life for their beloved. i have returned to the tundra and i actually like it here if you're outside there's fresh air fresh water looks at the site you can see deer it's a joyful sight....
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Nov 14, 2012
11/12
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. >> that is what greenpeace is accusing the environment minister of, but he says that a solution needs to be found soon. >> i am still interested in the consensus. concrete steps are not yet decided, but we are running out of time. >> greenpeace wants to explore six underground locations containing clay, granite, and salt rock. >> we will be back in one minute with more news. >> that's right. stick around. >> welcome back. the leader of syria's new oppoition coalition has called from political recognition from europe and special weapons to defeat the syrian regime. >> the common comes as eu foreign ministers and members of the arab league meet in cairo to discuss the serious crisis -- the comment comes. but there's further troop that the syrian president's troops do not intend to give up -- but there was further proof that the syrian president's troops do not intend to give up. >> human rights workers say more than 100 people were killed across syria on tuesday. in cairo, eu foreign ministers have been meeting with representatives of the arab league. one key item on the agenda is agree
. >> that is what greenpeace is accusing the environment minister of, but he says that a solution needs to be found soon. >> i am still interested in the consensus. concrete steps are not yet decided, but we are running out of time. >> greenpeace wants to explore six underground locations containing clay, granite, and salt rock. >> we will be back in one minute with more news. >> that's right. stick around. >> welcome back. the leader of syria's new oppoition...
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Nov 19, 2012
11/12
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that's unacceptable in today's environment. >> schieffer: do you have any answers yet as to why-- we know that they had asked to maintain their-- the current level of security and that was turned down. do we have any idea on what that decision was based on? >> no, and we're still getting to the bottom of that. that's one of my primary concerns. and that's certainly what i'm driving. first of all, why there was failure for adequate security at the temporary mission. and secondly, why they didn't assess the security risks posed to that facility? they had abundance of threat reports and incidents, both to that facility and other consulates that would have suggested that they were in a high-threat environment. i sponsored-- i cosponsored the initial legislation-- i was the lead republican in the house-- to create the diplomat security bureau and the accountability review board that also has been initiate so we can get to the bottom of who is responsible. there was minimal security. the barriers weren't sufficient. the attackers, the mob, overran the complex. the militia we were depending
that's unacceptable in today's environment. >> schieffer: do you have any answers yet as to why-- we know that they had asked to maintain their-- the current level of security and that was turned down. do we have any idea on what that decision was based on? >> no, and we're still getting to the bottom of that. that's one of my primary concerns. and that's certainly what i'm driving. first of all, why there was failure for adequate security at the temporary mission. and secondly, why...
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that not only create a boatload of jobs they also reduce our demand for foreign oil and they make our environment cleaner all good outcomes from an investment. money put toward infrastructure like new roads bridges high speed rail systems these are all investments that will make it cheaper and easier for businesses to ship goods across the country or for americans to travel on vacation money put into health care research is an investment that will cut down on the costs the diseases inflict on our economy and as a bonus gives us a healthier more productive workforce even money put towards social welfare programs like food stamps and unemployment benefits turns out to be investments movies not some left wing think tank movies did research in on this and found that for every dollar invested in expanding the food stamp program you cut to me generates an additional dollars seventy three and for every dollar invested in unemployment benefits the the economy generates an additional dollars sixty four that's a pretty good return on investment president obama often uses the word investment in referring to
that not only create a boatload of jobs they also reduce our demand for foreign oil and they make our environment cleaner all good outcomes from an investment. money put toward infrastructure like new roads bridges high speed rail systems these are all investments that will make it cheaper and easier for businesses to ship goods across the country or for americans to travel on vacation money put into health care research is an investment that will cut down on the costs the diseases inflict on...
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Nov 19, 2012
11/12
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when you look at the stocks best managed companies perform well in all environments. they shouldn't be down 4% to 6%. >> how helpful do you think cnbc has been in the rise? >> i think it is interesting to have some -- you all have a good voice and are putting it out there and advising. you look at the "wall street journal" and the ceos are saying the same thing saying get this done. we can't have a double digit decline in gdp. let's fix it. >> i have a great voice. i think out of all of them to me u.s. bank corp is the most stable one. if you had to pick one of the banks for the people playing our home game which do you go with? >> bb&t. i think it is a well managed company. they were off by 5% or so. they had some fundamental issues but got really overplayed here in the down fall. probably 200 to 300 basis points as we come to the conclusion that the fiscal cliff is not going to happen. >> is 23% enough that it makes sense why people are selling off the dividend paying stocks or is that a level that you say on this selloff i am ready to buy? >> so that is a great que
when you look at the stocks best managed companies perform well in all environments. they shouldn't be down 4% to 6%. >> how helpful do you think cnbc has been in the rise? >> i think it is interesting to have some -- you all have a good voice and are putting it out there and advising. you look at the "wall street journal" and the ceos are saying the same thing saying get this done. we can't have a double digit decline in gdp. let's fix it. >> i have a great voice. i...
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Nov 15, 2012
11/12
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so without clarity where the euro area goes, the environment will be quite difficult. p. >> okay. thanks very much for that. now, he mentioned weakness in europe. that's extending to the u.s. we are seeing futures trying to rebond here, but again, we saw levels of decline in the range of 1.3 to 1.5 yesterday for the major bourses. this morning we're really only getting about 25 points in rebound for the dow jones industrial average. which is thousand sitting at 12,559. the nasdaq and s&p are also showing a little about the of a r rebit of a rebound, but not huge moves. investors digest the growth tigs or lack thereof. spain is trying to move to the up side adding almost 0.3%, so a little better than last time we checked in. the other three down. as we're learning about the slowing of the german economy and the ftse 100, shedding 0.4%, below the 5700 mark. now, we are seeing in the uk a little better, but broadly speaking a mixed picture. we started off seeing both spain and italy moving to the down side on the bond side. now italy doing a little bit better. 4.95%. the yield fallin
so without clarity where the euro area goes, the environment will be quite difficult. p. >> okay. thanks very much for that. now, he mentioned weakness in europe. that's extending to the u.s. we are seeing futures trying to rebond here, but again, we saw levels of decline in the range of 1.3 to 1.5 yesterday for the major bourses. this morning we're really only getting about 25 points in rebound for the dow jones industrial average. which is thousand sitting at 12,559. the nasdaq and...
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Nov 20, 2012
11/12
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whitman said it would be a fix and rebuild year in a worsening macroeconomic environment. she said to expect a broad based profit decline across most businesses, but especially in enterprise services where revenue would drop 11% to 13%. operating margins near zero. that set as 24rethreshold for everything else. hp needs to keep the other business declines in the mid single digits or it will look like the turn around will take longer to turn up. >> joining us is stephanie link at the street.com. thanks very much for joining us. plenty withere to pick up on. what do you think will happen with revenues? >> hi, ross. i think that there's a chance at least on on the bottom line that the company will meet and actually could even beat consensus just because of cost controls. so the headline print of earnings might be better than expected. but to your point of revenues, i definitely think they will be below plan. some are expecting as low as a billion miss. i don't know if it that's the case. but clearly with 50% of their total revenues being pcs and printers, they have problems n
whitman said it would be a fix and rebuild year in a worsening macroeconomic environment. she said to expect a broad based profit decline across most businesses, but especially in enterprise services where revenue would drop 11% to 13%. operating margins near zero. that set as 24rethreshold for everything else. hp needs to keep the other business declines in the mid single digits or it will look like the turn around will take longer to turn up. >> joining us is stephanie link at the...
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Nov 12, 2012
11/12
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this is a different retail environment. unfortunately when you look at where they're making their money now, 23% of the revenue is coming from clearance items. it was 15% in q-3. you're talking about a company that unfortunately they're drawing them in but they're drawing them in just on that clearance side. that's not good. >> all right. the euro, let's turn attention to currencies. euro bouncing off two month lows versus the u.s. dollar today after greek leaders approve a budget for 2013. does it mark a turnaround for the euro? todd gordon of aspen trading group with more. we're asking about a turnaround for the euro. it was sitting at 1.30 or so for such a long time. it's dropped a couple pennies. now talking about a turnashd. >> last week i came on the 5:00 p.m. show and said to buy 1.27. i think you take profits on that. take those 10 or 15 pips and buy lunch today for a veteran. i think we got to go the other side now. go short euro through the 1.27 level. greece has overcome two olympic sized hurdles. $13 trillion in
this is a different retail environment. unfortunately when you look at where they're making their money now, 23% of the revenue is coming from clearance items. it was 15% in q-3. you're talking about a company that unfortunately they're drawing them in but they're drawing them in just on that clearance side. that's not good. >> all right. the euro, let's turn attention to currencies. euro bouncing off two month lows versus the u.s. dollar today after greek leaders approve a budget for...
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a bit more integrated in terms of economic environment but to country music you continue to have some differences in terms of political opinion the problem is the intonation only really. only economy one. easy to country get to it you can still reach out to until it's a trade in which when do you hold. so that you know it will be very interesting to see that it will come to be equal in about ten or is sitting here stop when china is about the size of the ninety's or even two we take these things so you have a balance of economy between he said the west but they will continue with these kinds of ideology ideologies called differences between the two countries. the civil conflict in syria ascending strong ripples across the border we're reporting soon from lebanon which has turned into sectarian powder keg because of the bloody civil war on its doorstep more about that in a couple of minutes also reporting to the turkey's tightening the screws on kurdish rebels where a revival of capital punishment. has a couple of stories ahead after the break. catalonia wants to get its independence f
a bit more integrated in terms of economic environment but to country music you continue to have some differences in terms of political opinion the problem is the intonation only really. only economy one. easy to country get to it you can still reach out to until it's a trade in which when do you hold. so that you know it will be very interesting to see that it will come to be equal in about ten or is sitting here stop when china is about the size of the ninety's or even two we take these...
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Nov 19, 2012
11/12
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there's a little bit of a risk on type environment at the moment. and the ten year bund yield moving a little higher. the same goes for spain, built oig and yield, as well. we were looking at the euro just bouncing a little bit against the dollar. you're heading into this morning's session, we're holding on to those gains, 127 and a bit. the dollar yen coming off by just a tad. president obama meeting with myanmar's president and opposition leader. obama saying his six hour stopover should be seen as a sign of support for myanmar's attempts at democratic reforms rather than endorsement of the country's government. meanwhile his three day trip is also aimed at reinforcing america's ties with the region. analysts say it's something china is watching very closely. deidre has more. >> the obama's administration to choose southeast asia as the president's first foreign trip since winning re-election was greeted by some with surprise. after all, there are far bigger economies in asia that warrant his attention. the strategic importance of southeast asia i
there's a little bit of a risk on type environment at the moment. and the ten year bund yield moving a little higher. the same goes for spain, built oig and yield, as well. we were looking at the euro just bouncing a little bit against the dollar. you're heading into this morning's session, we're holding on to those gains, 127 and a bit. the dollar yen coming off by just a tad. president obama meeting with myanmar's president and opposition leader. obama saying his six hour stopover should be...
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Nov 14, 2012
11/12
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not to create jobs but craig the environment for success. that is where we were not able to translate that. >> yes, sir. >> i would like you to come back to me on -- i agree. i think we are center-right country. i do not think the perception is out there that the republican party is a center-right party. the perception is much further right. the far right that tends to scare people more. milliken to the on how to vote bank because of that perception. >> i agree. i think your doctors are probably that demographic. -- daughters are probably that demographic. i think you're right. that is a perception of -- for such a lot of people have. -- a lot of people have. for your daughters, social media is so much more important to them. it is not just this new technology we talked about. it is how the reach people with a live? which for a lot a young people, they are online. idea.boadebroader the other side was effective in taking the comment that the missouri. >> yes, sir. >> senator, it seems to me the policies yet in the fight as may be needing chan
not to create jobs but craig the environment for success. that is where we were not able to translate that. >> yes, sir. >> i would like you to come back to me on -- i agree. i think we are center-right country. i do not think the perception is out there that the republican party is a center-right party. the perception is much further right. the far right that tends to scare people more. milliken to the on how to vote bank because of that perception. >> i agree. i think your...
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Nov 14, 2012
11/12
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those also take a toll on the environment but about 50% do get recycled. that's compared to about 5% of plastic bags. but manufacturers say banning the bags is unfair. >> the amount of litter nationally that plastic bags produce is less than half of 1%. >> reporter: marine scientis is with the advocacy group heal the bay and says in los angeles plastic bags make up closer to 25%. >> litter on the streets gets washed through the storm sewer system, through our waterway systems. and plastic bags are part of that trash. >> reporter: she says since the floating plastic can resemble jellyfish animals like sea otters confuse it for food. the future of plastic bags can depend on what happens in los angeles. l.a. is studying the impact of banning its own bag and could be the largest city in the country to ban plastic bags. >> coming up after your local news on cbs "this morning" new developments in the scandal involving general david petraeus and john allen. we'll get reaction from former chairman of the joint chief of staff richard myers who knows both men. congr
those also take a toll on the environment but about 50% do get recycled. that's compared to about 5% of plastic bags. but manufacturers say banning the bags is unfair. >> the amount of litter nationally that plastic bags produce is less than half of 1%. >> reporter: marine scientis is with the advocacy group heal the bay and says in los angeles plastic bags make up closer to 25%. >> litter on the streets gets washed through the storm sewer system, through our waterway systems....
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it's a question more and more people are aware of today climate change in the safety of our environment as a whole are being discussed around the world and perhaps it's those small steps that might be a start to people living in harmony with nature. good afternoon welcome to capital account i'm more in the store here in washington d.c. these are your headlines for tuesday nov thirteenth two thousand and twelve the new york stock exchange suspended trading and more than two hundred companies for most of the trading day yesterday according to the f.t. guess why a technical glitch so added to the list last crash facebook like out all high frequency trading a component involves the f.t.c. commissioner bart chilton is on the show to talk about what should be done and why it's taken so long to be frank and wall street journal reports a federal jury cleared two former money market mutual fund managers of fraud charges. this reportedly gets to the issue we've seen so often of how difficult it is to prove intent in these financial fraud or manipulation cases so does the law need to change when i
it's a question more and more people are aware of today climate change in the safety of our environment as a whole are being discussed around the world and perhaps it's those small steps that might be a start to people living in harmony with nature. good afternoon welcome to capital account i'm more in the store here in washington d.c. these are your headlines for tuesday nov thirteenth two thousand and twelve the new york stock exchange suspended trading and more than two hundred companies for...
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Nov 14, 2012
11/12
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john chambers has executed in a very tough environment. >> next a it is hip to be square. the payment company announced on twitter it has hit $10 billion in processed payments before starbucks starts using square. starbucks will add 6 billion more a year so you can use square to buy your tea vana tea. >> we can't trade square because it is not public. to us veri phone. we have been short. pay anywhere. tons of them. >> celebrity trades. >> first go long channing tatum. i have been accumulating tatum calls for a long time. it is one of my best investments. take profits on the beebe. justin bieber pulled over by police driving a ferrari. he broke up with his girlfriend so expect volatility in the near term. you can never go wrong investing in one californian. kevin bacon all stories lead to him. we discover the six degrees through kevin bacon. the two biggest stories this week. general petraeus links to kevin bacon leads to her starring role in the closer which leads to john mcaffee. >> he claims to be a new yorker. we want to take credit for kevin bacon here. >> do we? >> h
john chambers has executed in a very tough environment. >> next a it is hip to be square. the payment company announced on twitter it has hit $10 billion in processed payments before starbucks starts using square. starbucks will add 6 billion more a year so you can use square to buy your tea vana tea. >> we can't trade square because it is not public. to us veri phone. we have been short. pay anywhere. tons of them. >> celebrity trades. >> first go long channing tatum. i...
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Nov 18, 2012
11/12
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we are looking at, as you said, an environment in which people are in panic mode over the fiscal cliff. i think there is a lot of support, actually, because the population does not seem to understand what the fiscal cliff is and what it means. what they are hearing on television is a lot of hype about what will happen if the fiscal cliff is not avoided. that is actually generating quite a bit of support for both sides to come together. it seems adult. it seems like the right thing to do. put your partisan differences aside for the country, and find some way to avoid the cliff. what that means in practice is striking some kind of deal, what we have heard of, as a grand bargain. it is important to keep in mind that the grand bargain itself, is really a form of austerity. this is an austerity plan. when you have an economy that is still struggling to find its feet, and you are talking about imposing austerity, i think we have seen pretty clearly, watching europe over the last 3.5 years -- that is not a good idea. we definitely have time to start -- to stop and get this right, before we fo
we are looking at, as you said, an environment in which people are in panic mode over the fiscal cliff. i think there is a lot of support, actually, because the population does not seem to understand what the fiscal cliff is and what it means. what they are hearing on television is a lot of hype about what will happen if the fiscal cliff is not avoided. that is actually generating quite a bit of support for both sides to come together. it seems adult. it seems like the right thing to do. put...
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Nov 20, 2012
11/12
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CNBC
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they'd like to know what environment they're operating in. they effect them personally and the families of the people that work for them. >> can you get a franchise alone? is it easier than it was a year ago? >> yeah, credit market has loosened up a bit for our franchisees and we're fortunate our model in the investment on the investment side that we don't have to be highly leveraged and our franchisees don't have to be highly leveraged going in. they're able to pay investment out of cash but whenner this borrow money they're getting sba loans out there, smaller banks but it is tougher and it affects their growth. that's for sure. >> the smell is killing me here, i mean in a good way. it's 5:00 somewhere or noon somewhere. bob wright, thank you. we appreciate your time this morning and keep it short. >> are you going for the sub? which way? >> i don't know. >> i could eat it but i know he's an ohio state fan. go blue this weekend. i'm going to holdoff. >>> when we come back we'll talk about betting on a deal to avoid the fiscal cliff. caesar'
they'd like to know what environment they're operating in. they effect them personally and the families of the people that work for them. >> can you get a franchise alone? is it easier than it was a year ago? >> yeah, credit market has loosened up a bit for our franchisees and we're fortunate our model in the investment on the investment side that we don't have to be highly leveraged and our franchisees don't have to be highly leveraged going in. they're able to pay investment out...
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Nov 14, 2012
11/12
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CSPAN
tv
eye 97
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we are looking at, as you said, an environment in which people are in panic mode over the fiscal cliff. i think there is a lot of support, actually, because the population does not seem to understand what the fiscal cliff is and what it means. what they are hearing on television is a lot of hype about what will happen if the fiscal cliff is not avoided. that is actually generating quite a bit of support for both sides to come together. it seems adult. it seems like the right thing to do. put your partisan differences aside for the country, and find some way to avoid the cliff. what that means in practice is striking some kind of deal, what we have heard of, as a grand bargain. it is important to keep in mind that the grand bargain itself, is really a form of austerity. this is an austerity plan. when you have an economy that is still struggling to find its feet, and you are talking about imposing austerity, i think we have seen pretty clearly, watching europe over the last 3.5 years -- that is not a good idea. we definitely have time to start -- to stop and get this right, before we fo
we are looking at, as you said, an environment in which people are in panic mode over the fiscal cliff. i think there is a lot of support, actually, because the population does not seem to understand what the fiscal cliff is and what it means. what they are hearing on television is a lot of hype about what will happen if the fiscal cliff is not avoided. that is actually generating quite a bit of support for both sides to come together. it seems adult. it seems like the right thing to do. put...
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Nov 19, 2012
11/12
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FBC
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eye 124
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you raise taxes in this environment, this is not a growing environment, you're asking for trouble. you're rolling the dice, and i'm telling you, dividend taxes, you know, this is like insane. in any event, it is what it is. we have got to report. you got to do what you got to do. liz: president clinton did it in boom times -- >> no, he didn't. president clip clinton -- clinton did it in 93. we did not have a surplus until we had the internet bubble in 1996. that is the bottom line. i don't care what anybody says. liz: i missed that surplus, i don't care what anybody says. >> look at the gdp growth after he raised taxes. look at our economy right after -- it did not do very well. liz: charlie gasparino, thank you. your tie now is appropriate now that the segment is over. >> okay. liz: closing bell ringing in 27 minutes. confidence among you the u.s. consumer hitting a five year high this month but with the fiscal cliff looming and employment on the rocks, which retailers will come out on top this holiday season, and should you be buying their stocks? joe feldman tells the advisory g
you raise taxes in this environment, this is not a growing environment, you're asking for trouble. you're rolling the dice, and i'm telling you, dividend taxes, you know, this is like insane. in any event, it is what it is. we have got to report. you got to do what you got to do. liz: president clinton did it in boom times -- >> no, he didn't. president clip clinton -- clinton did it in 93. we did not have a surplus until we had the internet bubble in 1996. that is the bottom line. i...
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Nov 15, 2012
11/12
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WUSA
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how bad are plastic bags for our environment? experts from both sides weigh in in tonight's green alert. >>> law makers tonight digging for answers on the meningitis out break. the owner of the new england compounding center that made the steroids refused to answer questions. a kentucky judge is one of the 32 people killed and his widow was there today. >> we're heart broken. we're devastated. and i just come here begging you to do something about the matter. >> that massachusetts company has had a history of problems. they were nearly shut down a decade ago but the fda deferred to state regulators who allowed the company to stay open. the closure could have prevented the out break. >>> in tonight's green alert, more than 13 states, plastic bags are either banned at grocery stores or tagged with fees to deter their use. that's according to the advocacy group surf rider foundation. plastic bags hurt the environment while opponents say the harm's really exaggerated. >> you won't find plastic bags at bob's market in southern califor
how bad are plastic bags for our environment? experts from both sides weigh in in tonight's green alert. >>> law makers tonight digging for answers on the meningitis out break. the owner of the new england compounding center that made the steroids refused to answer questions. a kentucky judge is one of the 32 people killed and his widow was there today. >> we're heart broken. we're devastated. and i just come here begging you to do something about the matter. >> that...
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Nov 15, 2012
11/12
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KNTV
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firm is one of the lucky ones that had millions in assets to plunk down and weather a tight lending environment. for most investors, access to capital is a real problem. >> how far does it -- >> quite difficult. right now as a private investor, you have to guarantee construction loans and you have to put up 35% he equity of any one project. >> and 35% of his $70 million project for perspective, would be a $24.5 million down payment. >> we've been working on this for six years. >> reporter: so back to mayor reed and his lofty goal, a billion dollars recorded in six months. >> i have no doubt that we can. there's probably more than a billion dollars of opportunities. the question is how many can we get done in six months. >> reporter: reed's claim of billion dollars in opportunities checks out after spiing to some developers willing to hint at the financials for their massive pending projects, low enterprisers is developing a tract of land so large it took us more than a minute to drive around. an urban office campus which they said will cost well north of $100 million just for first phase. acros
firm is one of the lucky ones that had millions in assets to plunk down and weather a tight lending environment. for most investors, access to capital is a real problem. >> how far does it -- >> quite difficult. right now as a private investor, you have to guarantee construction loans and you have to put up 35% he equity of any one project. >> and 35% of his $70 million project for perspective, would be a $24.5 million down payment. >> we've been working on this for six...
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Nov 14, 2012
11/12
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CNBC
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headline driven in this environment. yesterday you saw the sharp rally toward the end of the session. was it because of the rumor that spain might have a bailout or was it the rumor that potentially they were bundled 44 million euros together for greece? i don't know. it clearly moved the market, both of those things incidentally didn't happen. longer term, if you look at what is happening, europe versus the united states, you can see the effect of the fiscal cliff in the wake of the obama victory. here you see the yellow line here is the top 50 blue chips in europe. how they have traded over the last month. this is the dow jones industrial average. you'll see that under performance now, 4.5% as a result arguably of that fiscal cliff and arguably where the election left us. >> it's going to get tougher sledding. >>> meantime other capital markets op-ed, gary is looking although a few charts as he did yesterday. >> you know, carl, great piece by riches warning people about bond funds versus bonds. a lot of people ignore t
headline driven in this environment. yesterday you saw the sharp rally toward the end of the session. was it because of the rumor that spain might have a bailout or was it the rumor that potentially they were bundled 44 million euros together for greece? i don't know. it clearly moved the market, both of those things incidentally didn't happen. longer term, if you look at what is happening, europe versus the united states, you can see the effect of the fiscal cliff in the wake of the obama...
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Nov 18, 2012
11/12
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CSPAN
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other than the intimidating of its environment. i was a meeting this year with a group of people who describe themselves as reformers in russia. at these meetings i had said -- you want a democratic system? are you crazy? [laughter] >> another question about china -- is some level of corruption in chinese politicians inevitable? is there some level that is acceptable for the party? is the problem the [unintelligible] -- that he went above that threshold? >> i think it was primarily an attempt to achieve preeminent or eminent outside of the established patterns of progress being made within the party. because if he had succeeded, it would not change the whole structure of the party. there is no acceptable level of corruption. is some level of except -- corruption acceptable? it is not for an outsider to say. every indication is that there will be demonstrative evidence to curtail corruption. that is the big question. i think they will succeed, but it will be a rocky road. >> with the u.s. becoming increasingly self-reliant regarding
other than the intimidating of its environment. i was a meeting this year with a group of people who describe themselves as reformers in russia. at these meetings i had said -- you want a democratic system? are you crazy? [laughter] >> another question about china -- is some level of corruption in chinese politicians inevitable? is there some level that is acceptable for the party? is the problem the [unintelligible] -- that he went above that threshold? >> i think it was primarily...
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Nov 14, 2012
11/12
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CNBC
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especially the thing about the ip spending environment, it's a tough spending environment. security is one of the few sub sectors that's holding up well and that's kind of a glimmer of hope in a tough macro. >> i presume they'd have to pony up, though. daniel, good to see you. thank you for joining us. >> looking for silver lining amid the cyber security storm clouds. >> one story to leave you with, in queensland in australia, earlier this morning they got a full solar eclipse, completely blocked out the sun at 6:39 local time. we might just see it before we go. >> wow. it's amazing. >> there we go. we've got it. >> and on that lunar shot, kelly and i will say goodbye. "squawk box" is up next. >> we'll see you back here tomorrow. >>> the looming fiscal cliff. some of the nation's best-known ceos are headed to the white house today to meet the with the president. >>> on the economic agenda, key reads on the consumer and inflation and that happens before the bell. in corporate news, cisco's first quarter results beat the street, but ceo john chambers cautions of flat earnings
especially the thing about the ip spending environment, it's a tough spending environment. security is one of the few sub sectors that's holding up well and that's kind of a glimmer of hope in a tough macro. >> i presume they'd have to pony up, though. daniel, good to see you. thank you for joining us. >> looking for silver lining amid the cyber security storm clouds. >> one story to leave you with, in queensland in australia, earlier this morning they got a full solar...
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Nov 17, 2012
11/12
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FBC
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it's going to take risk, and right now, we live in a risk-averse environment and a government environment that can take risks. in many ways they are afraid they will get criticized in the press or media. neil: they said businesses to risks and we ended up bailing them out, so we are averse to risk and that the ma because every time they do this, we pay for it. >> and health and medicine, we're going to have to take risks and figure out how to create new drugs and create new innovation. neil: synonymous with simona mr. conaway what you're talking about? >> there's there is a difference between the weather and climate. it's raining today, it's not raining tomorrow. the climate is the key. are there problems in healh and medicine? you bet. we need to figure out how to do multidisciplinary research on -ow not to export testing in all kinds of thingsbroad. but you know something, we have more young people, more scientists, more people that want to come to america to innovate and people that want to leave america. neil: we have fewer than ever going into a general practice nobody really wants t
it's going to take risk, and right now, we live in a risk-averse environment and a government environment that can take risks. in many ways they are afraid they will get criticized in the press or media. neil: they said businesses to risks and we ended up bailing them out, so we are averse to risk and that the ma because every time they do this, we pay for it. >> and health and medicine, we're going to have to take risks and figure out how to create new drugs and create new innovation....
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Nov 17, 2012
11/12
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KQED
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nor is there in evanish to the environment. >> with some reports suggesting the great barrier reef is in danger, the australian government is making marine conservation a high agenda priority. creating parks in the ocean is one way that it believes that it can keep the pristine environments in tact. >>> there one of the world's best-selling artists. led zeppelin burst on to the music scene and the late 1960's and dominated the charts with their blues-infused it's such as "stairway to heaven." there are about to be honored in the u.s. at the kennedy center for transforming the sound of rock and roll and influencing other artists. led zeppelin split up in 1980. the perform a concert in 2007. what was it like getting back after all those years apart? legendary guitarist jimmy page has been talking to the bbc. >> there was a lot of preparation when we first did the first rehearsal. it was really exciting. everybody was trying to make it work. we needed to play in such a way that we all had confidence with each other. that needed -- that needed playing and getting to know each other, getti
nor is there in evanish to the environment. >> with some reports suggesting the great barrier reef is in danger, the australian government is making marine conservation a high agenda priority. creating parks in the ocean is one way that it believes that it can keep the pristine environments in tact. >>> there one of the world's best-selling artists. led zeppelin burst on to the music scene and the late 1960's and dominated the charts with their blues-infused it's such as...
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Nov 20, 2012
11/12
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CSPAN2
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eye 125
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a broader base for its economy to develop a concept of security and other than intimidation of its environment. hy was meeting place with a group of people described as reformers in russia and many of the proposals of the strategy and so forth that the meetings, all of this means you want a democratic system and you are crazy. >> another question about china. the question is is there some level of corruption in chinese politicians inevitable and is there some level that is acceptable to the party and the problem lying ahead is above the threshold? >> it was primarily corruption. it was primarily an attempt to achieve pre-eminence or eminence of side -- outside the established patterns where progress is made within the party because if he succeeded with population methods it would change the structure of the party and some sense of corruption as well. there's some level of corruption acceptable? outside -- every indication is for there will be demonstrative efforts to curtail corruption. the second question, i think they will succeed but it will be -- >> another question from the group. with th
a broader base for its economy to develop a concept of security and other than intimidation of its environment. hy was meeting place with a group of people described as reformers in russia and many of the proposals of the strategy and so forth that the meetings, all of this means you want a democratic system and you are crazy. >> another question about china. the question is is there some level of corruption in chinese politicians inevitable and is there some level that is acceptable to...
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Nov 12, 2012
11/12
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CSPAN2
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eye 94
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that's the environment we've been living in the u.k. and simply allow the budget to keep increasing year after year after year and it's being imposed on many member states and we see the cutbacks in many other essential public services completely unsustainable and i sure that you and david cameron would disagree on the mutually conclusive way forward. thank you. >> translator: thank you very much mrs. harms. i would like to point out i don't see the u.k. as strong, but as a country which requires internal reforms very much seems to be the industrialized and mr. miller band i don't think with the entire european position vacant steer this country on a healthy course. second, tomorrow i will be traveling to greece so i've taken a close look at the current situation and i think we must admit finally that with that reform they have exhausted everything, past pensions and they've cut wages, which in germany wasn't imagined even in the time. it's pure austerity policy directly from germany and they're doing it at times of the worst world econ
that's the environment we've been living in the u.k. and simply allow the budget to keep increasing year after year after year and it's being imposed on many member states and we see the cutbacks in many other essential public services completely unsustainable and i sure that you and david cameron would disagree on the mutually conclusive way forward. thank you. >> translator: thank you very much mrs. harms. i would like to point out i don't see the u.k. as strong, but as a country which...
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Nov 18, 2012
11/12
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CNNW
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i just think that the environment that we're in makes it -- helped create that situation where he felt he couldn't continue effectively. i really don't get the big deal. i understand in the military, adultery is a crime, although apparently he wasn't serving in the military when he actually committed the crime -- what they would call a crime. >> but you're saying certainly he shouldn't be forced to resign? if he wants to, that's his business? >> look, people have affairs. this happens all the time. and if we're concerned about the spouses being hurt, imagine how hurt they are when the whole episode is international news. that can't be a pleasant experience. it's just that these things happen. and if we want -- when i pick up the paper and i keep reading, oh, sex scandal -- and the whole term sex scandal is so bizarre like we're in a puritan era where sex a is scandal. i lived in europe for five years and i'm sure they're all laughing at us. you want a scandal? how about the fiscal cliff? how about sandy happens and we're not doing anything about climate change? there's a scandal. >> or
i just think that the environment that we're in makes it -- helped create that situation where he felt he couldn't continue effectively. i really don't get the big deal. i understand in the military, adultery is a crime, although apparently he wasn't serving in the military when he actually committed the crime -- what they would call a crime. >> but you're saying certainly he shouldn't be forced to resign? if he wants to, that's his business? >> look, people have affairs. this...
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Nov 20, 2012
11/12
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KCSMMHZ
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east asia's security environment is getting comp collated, so i believe our alliance the really important. >> that alliance between the united states and japan has been a cornerstone of prosperity and security in the region. and we are going to have the opportunity to further discuss steps we're taking to renew that vision and that alliance for the 21st century. >> noda and obama also spoke about the trans-pacific partnership. the prime minister emphasized his determination to speed up talks to bring japan closer to joining the free-trade agreement. >>> the former tokyo governor says japan needs to look at the possibility of acquiring nuclear arms. the outspoken politician made the remark while preparing for a snap election next month. 80-year-old shintaro ishihara now leads an opposition group. he talked to foreign correspondents in tokyo. >> translator: it would be good to conduct a simulation on japan holding nuclear weapons because they can act as a deterrent. the decision of acquiring them or not can be decided later. >> ishihara surprised the public in april by announcing that the t
east asia's security environment is getting comp collated, so i believe our alliance the really important. >> that alliance between the united states and japan has been a cornerstone of prosperity and security in the region. and we are going to have the opportunity to further discuss steps we're taking to renew that vision and that alliance for the 21st century. >> noda and obama also spoke about the trans-pacific partnership. the prime minister emphasized his determination to speed...
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Nov 15, 2012
11/12
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CNBC
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we think the holiday season is going to be competitive, we think we're still in a competitive retail environment and economic factors are making things somewhat difficult for our customers and that's why we're getting to those numbers. the stock had come in and it's going to again today. >> a lot of investors are thinking that this gigantic move and pull back appropriately to some average and was ready to blast off. look, you've got target nipping, you've got dollar tree reporting good numbers today. walmart had a great move. and now its great move i think has run its course. >> an amazing chart, if you go back to walmart stocks, the dip in the stock, it was the bryberry bottom for this quarter. i don't know if we're setting up for something better than anticipation but the head of u.s. walmart said november sales started ahead of plans. and they have got some extra sales thanks to lay away which has been a very popular program for retailers of late. >> we used to get monthly comps from all these retailers. >> those were the old days. >> i think the problem with wam mart, frankly is, the stock w
we think the holiday season is going to be competitive, we think we're still in a competitive retail environment and economic factors are making things somewhat difficult for our customers and that's why we're getting to those numbers. the stock had come in and it's going to again today. >> a lot of investors are thinking that this gigantic move and pull back appropriately to some average and was ready to blast off. look, you've got target nipping, you've got dollar tree reporting good...
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Nov 16, 2012
11/12
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KNTV
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his report reads, sexual harassment and a hostile work environment is commonplace. >> you called this a big problem. >> uh-huh. >> shouldn't it be a big priority? >> sure. should always be a big priority when you find these kinds of things. >> do you believe this information embarrasses the national guard? >> yes. >> all day long. >> it substantiates our claim. >> our investigation included interviews with nearly two does dozen members of the california guard all frustrated with the current culture. >> i have a mandate from the governor to change the culture. >> that was major general david baldwin at his formal confirmation hearing pledging to fix deep-rooted problems dating back several years. in a letter major general promised to fix the problems you talked about. >> did he keep his promise? >> no. >> remember to add here to the four principals of my command philosophy. >> through his spokesperson we're told he has a great story to tell but he declined to answer our questions on camera to answer the concerns of members of his guard. wondering why risky flights under the golden gate
his report reads, sexual harassment and a hostile work environment is commonplace. >> you called this a big problem. >> uh-huh. >> shouldn't it be a big priority? >> sure. should always be a big priority when you find these kinds of things. >> do you believe this information embarrasses the national guard? >> yes. >> all day long. >> it substantiates our claim. >> our investigation included interviews with nearly two does dozen members of...
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Nov 13, 2012
11/12
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CNBC
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eye 250
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and this kind ever environment is good for gold much as india we expect the same scenario very possibly to be unfolding shortly in the united states and in europe where the quantitative easing policies aren't really working to stimulate the economy or they're doing really creating inflation. probably what the countries have to do in order to avoid a debt default because most countries have lost control of the debt situation. so the only way to avoid the default in our view would probably be to print to devalue the debt but this real terms, that means inflation. so inflation is very much the main focus of gold for us and that's yes with think it will go a lot higher from here. >> martin, what then is your price target for gold by the end of, say, 2013? >> firstly we don't sell short price targets. we've seen this 2008 that sometimes also what many people should actually see or recognize earlier possibly as a safe haven, sometimes they can also take a hit if you have shorter term deleveraging. so let's say if spain or italy was to default early next year, then you you might see first reac
and this kind ever environment is good for gold much as india we expect the same scenario very possibly to be unfolding shortly in the united states and in europe where the quantitative easing policies aren't really working to stimulate the economy or they're doing really creating inflation. probably what the countries have to do in order to avoid a debt default because most countries have lost control of the debt situation. so the only way to avoid the default in our view would probably be to...
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Nov 13, 2012
11/12
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FBC
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the virgin group about what it is like to run and grow multiple billion dollars businesses in this environment. he is the fourth richest man in the u.k., but who cares about that, he is one of the gutsiest businessman ever to have lived. he started one tiny business in a basement when he was 16 years old. look at him now, cheryl. an amazing story. cheryl casone is in new york. she will be guiding you through the last hour of trading. how are things looking? cheryl: things a r looking a bit better -- things are looking a bit better. we have a very mixed picture for markets at this hour as we move into the close. the dow and s&p are actually both higher. the dow up about 17 points, up more than 80 points though at session highs today. it's been a volatile day for traders. the dow falling more than 66 points at its session lows. the dow is up by 17 points. very volatile, very rocky day for stocks. one of the things that helped the dow out earlier on to hit the session highs, shares of home depot, by far the biggest winner on the dow today. the company hitting a new high after a strong earnings re
the virgin group about what it is like to run and grow multiple billion dollars businesses in this environment. he is the fourth richest man in the u.k., but who cares about that, he is one of the gutsiest businessman ever to have lived. he started one tiny business in a basement when he was 16 years old. look at him now, cheryl. an amazing story. cheryl casone is in new york. she will be guiding you through the last hour of trading. how are things looking? cheryl: things a r looking a bit...